Yeah, The University of Texas at Arlington does provide scholarships based on merit. Here are some of them:

Presidential Scholar
Total Worth: $10,000 per year
Eligibility: $10,000 per year
Minimum Criteria: 1400 SAT or 30 ACT score and rank in the top 20% of the high school graduating class
Requirement for maintenance: Full-time enrollment (12 UTA hours) each fall and spring ; Minimum cumulative UTA GPA of 3.0 ; Completion of a minimum of 30 UTA hours during fall/spring/summer
Separate application needed: No
Application deadline: December 3

Maverick Academic Scholarship
Total Worth: $2,000 to $8,000 per year
Eligibility: $2,000 to $8,000 per year
Minimum Criteria: 1100 SAT or 23 ACT score and rank in the top 50% of the high school graduating class
Requirement for maintenance: Full-time enrollment (12 UTA hours) each fall and spring ; Minimum cumulative UTA GPA of 3.0 ; Completion of a minimum of 30 UTA hours during fall/spring/summer
Separate application needed: No
Application deadline: February 15

Outstanding Transfer Scholarship
Total Worth: $4,000 per year
Eligibility: $4,000 per year
Minimum Criteria: at least a 3.75 cumulative transfer GPA with a minimum of 24 college transfer hours
Requirement for maintenance: Full-time enrollment (12 UTA hours) each fall and spring ; Minimum cumulative UTA GPA of 3.25 ; Completion of a minimum of 24 UTA hours during fall/spring/summer
Separate application needed: No
Application deadline: February 15

The University of Texas at Arlington provides aids at an average of 10555 per student meeting 61% of students need. 96% of students with need receive financial aid at an average of 5139 need-based grant. They also provide other scholarships including Vikram J. Bajaj Memorial Scholarship and Franklin L. Hodge Memorial Scholarship.